Virtually all states require some form of ongoing business entity filing. The timing of the report and the name of the report varies from state to state. While most states refer to this filing as an Annual Report, some states require a Biennial Report or a Decennial Report.
And to add complexity to the matter, the report itself could be referred to as one of the following:
- Annual Report
- Business Privilege Tax Return
- Statement of Information
- Annual Franchise Tax Report
- Annual Registration
- Business Entity Report
- Periodic Report,
- Biennial Occupation Tax Report
- Public Information Report (PIR)
- Ownership Information Report (OIR)
- Annual List of Officers and Directors
- Annual List of Managers or Members
While that can feel pretty intimidating, you don’t have to let that diversity hamper your efforts to keep your business in compliance. CorpNet is here to provide assistance.
What is an Annual Report?
A Corporation or Limited Liability Company (LLC) is required to file an Annual Report, also known as a Statement of Information with the secretary of state’s office annually. This information is required by the state so that they can keep up to date with the company’s vital information. Most states will require you to submit information about the company’s business activity including information about directors and officers of the corporation and the registered agent and registered office of the corporation. In most states, there is a small filing fee associated with this filing.
If your state requires you to file this report, there is a specific due date upon which the form must be filed by each year to keep your company in order to maintain corporate compliance with the state. Scheduled filings vary by state; failure to submit this filing with the requested information in a timely manner by the requested deadline may result in the assessment of penalties and late fees by your state. In addition, your newly formed company may also be subject to suspension and/or dissolution.
Annual Reports FAQ’s
Is my company required to file an Annual Report?
The Annual Report is a state requirement in certain states. The requirement for this filing varies in each state. Please visit your state specific page on our website for state specific information about the requirements for this filing.
When is my company’s Annual Report due?
In most cases, your Annual report is due once a year on or around your anniversary date of the Incorporation. Schedules for each state vary. Certain States file biennially or every other year!
What happens if my company does not file an Annual Report?
Failure to submit this filing with the requested information in a timely manner by the requested deadline may result in the assessment of penalties and late fees by your state. In addition, your company may also be subject to suspension and/or dissolution. It is very important to not miss this deadline.
Ordering an Annual Report
Let CorpNet process your annual report filing for you!
Maintaining your company in good standing is an ongoing process. CorpNet™ is here to assist you every step of the way and can easily process and file your company’s Annual Report and Statement of Information on your behalf for a minimal service fee.
If you are interested in having CorpNet™ file your Annual Report and Statement of Information on your behalf, we can help by saving you both time and money with service that is fast, reliable, and affordable in processing the documents required to file your Annual Report.
And remember, our services are backed by a 100% satisfaction guarantee. We make everything easy for you so that you can focus on what you do best – running your business!
Standard: 2-4 weeks
Rush: 1-2 weeks (additional fees apply)
*Service fees shown above DO NOT include Shipping & Handling.
Additional state fees may apply and will be quoted upon order confirmation. Prices subject to change without notice.